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Rupe1
New Member

CO 529 deduction

I claimed the 529 deduction on my Colorado tax form DR0104AD line 8 and it does show up. However, it made no difference at all on my refund amount. What am I missing?

Thanks

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2 Replies
AmyC
Expert Alumni

CO 529 deduction

 If you have zero taxable income, adding deductions will not affect your refund. Otherwise, you should be seeing a deduction and increased refund. See 529 Contribution Subtraction.  

 

Are you saying that the subtotal is not subtracting the amount on the line to get the total tax? Do you have no taxable income or other credits affecting your return?

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Rupe1
New Member

CO 529 deduction

Thanks so much for the quick reply, I did recheck my form and have negative taxable state income. Solved.

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